CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2017	Dec. 31, 2016
Real estate, at cost
Land		$ 2,209,506	$ 2,091,535
Buildings and improvements		6,119,969	5,757,558
Rental property, at cost		8,329,475	7,849,093
Accumulated depreciation and amortization		(487,945)	(318,161)
Real estate, net		7,841,530	7,530,932
Cash and cash equivalents		219,381	162,965
Restricted cash		31,044	29,374
Investments in unconsolidated joint ventures		44,762	6,411
Investments in unconsolidated real estate funds		7,253	28,173
Preferred equity investments, net of allowance of $19,588 and $0		35,817	55,051
Marketable securities		29,039	22,393
Accounts and other receivables, net of allowance of $277 and $202		17,082	15,251
Deferred rent receivable		220,826	163,695
Deferred charges, net of accumulated amortization of $19,412 and $9,832		98,645	71,184
Intangible assets, net of accumulated amortization of $200,857 and $166,841		352,206	412,225
Assets held for sale			346,685
Other assets		20,076	22,829
Total assets	[1]	8,917,661	8,867,168
LIABILITIES AND EQUITY
Notes and mortgages payable, net of deferred financing costs of $41,800 and $43,281		3,541,300	3,364,898
Revolving credit facility			230,000
Due to affiliates		27,299	27,299
Accounts payable and accrued expenses		117,630	103,896
Dividends and distributions payable		25,211	25,151
Intangible liabilities, net of accumulated amortization of $75,073 and $55,349		130,028	153,018
Other liabilities		54,109	76,959
Total liabilities	[1]	3,895,577	3,981,221
Commitments and contingencies
Paramount Group, Inc. equity:
Common stock $0.01 par value per share; authorized 900,000,000 shares; issued and outstanding 240,427,022 and 230,015,356 shares in 2017 and 2016, respectively		2,403	2,300
Additional paid-in-capital		4,297,948	4,116,987
Earnings less than distributions		(133,693)	(129,654)
Accumulated other comprehensive income		10,083	372
Paramount Group, Inc. equity		4,176,741	3,990,005
Noncontrolling interests in:
Consolidated joint ventures		404,997	253,788
Consolidated real estate fund		14,549	64,793
Operating Partnership (24,620,279 and 34,511,214 units outstanding)		425,797	577,361
Total equity		5,022,084	4,885,947
Total liabilities and equity		$ 8,917,661	$ 8,867,168

[1] Represents the consolidated assets and liabilities of Paramount Group Operating Partnership LP, a Delaware limited partnership (the “Operating Partnership”). The Operating Partnership is a consolidated variable interest entity (“VIE”), of which we are the sole general partner and own approximately 90.7%, as of December 31, 2017. The assets and liabilities of the Operating Partnership, as of December 31, 2017, include $1,956,020 and $1,264,338 of assets and liabilities, respectively, of certain VIEs that are consolidated by the Operating Partnership. See Note 13, Variable Interest Entities.